The second paragraph of the latest ann describes the 3rd gas show as the "primary target". I think they are admitting that they got it wrong and no oil is to follow.
However, they found "traces" and "smears" of oil along the way. And how significant is the "2% oil"?
They certainly seem to be down playing the oil now and focusing on gas. "Significant" and "very high", etc.
Posters are just picking up on some of the language and trying to figure out the possible implications, so an informed decision can be made and not panic selling.
Ofcourse we could be reading too much into their emphasis on gas, and the oil they have encountered to date may be significant and commercial. who really knows at this stage.
VIL Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
